ING Investment

Colliers Healthcare has successfully completed the assignments on 4 purpose built care homes in the North of England on behalf of ING. The properties were all under 5 years old and had a combined registration of 317.

Operating within a particularly tight timescale, Colliers discretely offered the homes to select operators and were able to present a number of very credible alternative tenants to the Landlord, each with competitive rental bids.

Heads of Terms were agreed with the preferred tenant and simultaneously, Colliers were instructed to sell the property investments. A sale was completed to another institutional investor in late December.

Adam Lenton, Director in Colliers International’s Healthcare team commented: “We are delighted to have concluded a successful assignment and sale on behalf of ING of their care home portfolio and the deal demonstrates that good quality operations and assets are still very much in demand in today’s more challenging market.”